Re: How to Identify a bitcoin rally

Quote from: merc1969 on February 12, 2021, 12:46:51 PM

Found this interesting piece that goes back into history and tries to identify why a rally will sustain or not -
Some valid points - some not so agreeable - essentially gist is that institutional investors/backing is driving the rally - so as long as there are new ones, ( like the recent BNY Mellon ) , the rally will continue

https://pythoslabs.medium.com/why-bitcoin-is-here-to-stay-b4e9a032a0f9?sk=a06522d2191a6a821b78971e427494d0

I havent read up the link but basing off into the topic title itself about on how to identify a bitcoin rally? then it would be evident if we do see greens that shooting
up in a short span of time but it is already late for us to determine with that earlier but basing off for some fundamentals then you can actually presume out
that it will possibly happen but it wont be a precise thing for you to rely basing of on your investment decisions.Also talking about sustaining bull run
then it will always matter with the demand but dont remove the fact that there would always be a selling point or time where correction do really happens.